Y Intercept Hong Kong Ltd Reduces Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Y Intercept Hong Kong Ltd reduced its stake in Travel + Leisure Co. (NYSE:TNL) by 11.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,170 shares of the company’s stock after selling 3,346 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Travel + Leisure were worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its stake in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the last quarter. Versant Capital Management Inc increased its stake in Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after purchasing an additional 210 shares during the last quarter. Hourglass Capital LLC increased its stake in Travel + Leisure by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock valued at $1,828,000 after purchasing an additional 230 shares during the last quarter. Gries Financial LLC increased its stake in Travel + Leisure by 5.5% in the fourth quarter. Gries Financial LLC now owns 5,074 shares of the company’s stock valued at $256,000 after purchasing an additional 265 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Travel + Leisure by 30.7% in the fourth quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock valued at $81,000 after purchasing an additional 379 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $56.30 on Thursday. The stock has a fifty day moving average price of $53.34 and a 200 day moving average price of $49.85. Travel + Leisure Co. has a 1-year low of $39.91 and a 1-year high of $58.95. The company has a market cap of $3.75 billion, a PE ratio of 9.64, a P/E/G ratio of 0.67 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same period last year, the company earned $1.98 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

TNL has been the topic of several recent analyst reports. Barclays increased their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Mizuho restated a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Tigress Financial raised their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley began coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.